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Mutual Fund Insights: Lord Abbett Convertible C Fund (LACCX)

In-depth Analysis of Lord Abbett Convertible C Fund (LACCX)

Mutual fund chart: Lord Abbett Convertible C Fund (LACCX)

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See Lord Abbett Convertible C Fund (LACCX) performance details as of February 28, 2010

Last Trade: $10.78 on 3/19/2010, Change: -0.06 (-0.55%)

Fund Manager - Christopher J. Towle

Fund Manager Tenure: 6.7 years [Similar Funds: LACFX ]
Fundmojo Fund Grade: C (Score: 0.55) (What does this score mean?)

Mr. Christopher J. Towle joined Lord Abbett in 1987. Christopher J. Towle came to the firm from the American International Group where Christopher J. Towle held the position of Assistant Vice President and Portfolio Manager. Prior to that Christopher J. Towle worked as an Investment Officer and Analyst for Savings Bank Trust Company and a Senior Securities Trader for the Union Trust Company. Mr. Towle received his BA in economics from Rutgers University. Christopher J. Towle is a holder of a Chartered Financial Analyst designation and has been in the investment business since 1980. Get more insights on Christopher J. Towle

What we like about Lord Abbett Convertible C Fund (LACCX)

Data for Lord Abbett Convertible C Fund (LACCX) as of February 28, 2010

Lord Abbett Convertible C Fund (LACCX) management has been with Lord Abbett Convertible C Fund for 6.7 years
Lord Abbett Convertible C Fund (LACCX) has good mid-term performance (3-year return -0.81% vs -0.45 % Convertibles category average)
Lord Abbett Convertible C Fund (LACCX) ratio of up-years vs down years is greater than 2
Lord Abbett Convertible C Fund (LACCX) is less volatile than its peers as it has a 3-year Standard Deviation of 15.98, lower than category average of 17.76

What we are cautious about Lord Abbett Convertible C Fund (LACCX)

Data for Lord Abbett Convertible C Fund (LACCX) as of February 28, 2010

Lord Abbett Convertible C Fund (LACCX) has a less-than-ideal short-term performance (1-year return 35.89% vs 45.76 % Convertibles category average)
Lord Abbett Convertible C Fund (LACCX) has a less-than-ideal Long-term performance (5-year return 2.03% vs 2.94 % Convertibles category average)
Lord Abbett Convertible C Fund (LACCX) has a Morningstar rating of 3 and below
Lord Abbett Convertible C Fund (LACCX) is less safe compared to its Convertibles peers
Lord Abbett Convertible C Fund (LACCX) has an annual stock turnover rate of 106.61% that is higher than the Convertibles average of 86.23%. This could mean Lord Abbett Convertible C is more nimble, but also signal potential high tax impact and high trading fees
Lord Abbett Convertible C Fund (LACCX) does not have a good risk adjusted return as its 3-year Alpha of -1.27 is worse than category average of -0.6, and its 3-year Sharpe ratio is -0.08
Lord Abbett Convertible C Fund (LACCX) has a higher management fee of 1.88% than its Convertibles average of 1.44%
Lord Abbett Convertible C Fund (LACCX) carries a 1% load

See Lord Abbett Convertible C Fund (LACCX) performance details as of February 28, 2010

Interested in other top mutual funds in similar Convertibles category?

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Lord Abbett Convertible C Fund (LACCX) Net Asset

Track net asset change of Lord Abbett Convertible C fund (LACCX)

Date	Net Asset
02/2010	$281.04M
01/2010	$51.98M
11/2009	$52.10M

More historic net asset information on Lord Abbett Convertible C Fund (LACCX)

Lord Abbett Convertible C Fund (LACCX) Portfolio Allocation

Track portfolio allocation change of Lord Abbett Convertible C fund (LACCX)

Date	Cash	Stock	Bond	Other
09/2009	1.48%	5.64%	10.7%	82.17%
06/2009	4.19%	3.81%	5.16%	86.84%
05/2009	5.52%	4.26%	38.87%	0%

Click here to see more historic asset allocation information on Lord Abbett Convertible C Fund (LACCX)

Most Recent Top 10 Holdings in Lord Abbett Convertible C Fund (LACCX)

Discover what Lord Abbett Convertible C Fund (LACCX) manager is buying

30-Sep-09

Sealed Air Corp New 144A Cv 3% [2.47%]
Integra Lifesciences Hldgs 144A 2.75% [2.02%]
Prologis Cv 2.25% [1.98%]
Transocean Sedco Forex Cv 1.625% [1.95%]
ON SEMICONDUCTOR [1.85%]
Nii Hldgs Cv 3.125% [1.84%]
Omnicom Grp Cv [1.72%]
Schering Plough Cv [1.66%]
Aes Tr Iii Cv [1.66%]
A D C Telecom Cv FRN [1.65%]

30-Jun-09

31-May-09

Nextel Comms Cv 5.25% [3.26%]
Sealed Air Corp New 144A Cv 3% [2.4%]
Integra Lifesciences Hldgs 144A 2.75% [1.99%]
Transocean Sedco Forex Cv 1.625% [1.97%]
Prologis Cv 2.25% [1.94%]
Nii Hldgs Cv 3.125% [1.8%]
Yingli Green Engy Hldg Cv [1.75%]
Omnicom Grp Cv [1.71%]
Regal Entmt Grp 144A Cv 6.25% [1.64%]
A D C Telecom Cv FRN [1.64%]

Click here for Stock Holding Change Map in Lord Abbett Convertible C Fund (LACCX)

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Data is provided for informational purposes only, and is not intended for trading purposes. Although data are gathered from sources believed to be reliable, Fund Mojo and its content providers cannot guarantee completeness and accuracy. Performance data quoted represents past performance. Fund Mojo and its content providers accept no liability for reliance on this data.